All altcoins were created as a result of the bitcoin initiative. Without the invention of bitcoin, I don't believe altcoins would be able to exist in the crypto sphere.
In order to maximize profits during the bull market, investors are always recommended to diversify their holdings among the top 10 altcoins by adding bitcoin and a few additional prospective altcoins (2-4) to their portfolio. Investors in crypto investing in top altcoins for their reliability and value rather than to have them at the top of the CMC for an extended period.
It is a given that bitcoin will continue to lead all other altcoins for many years to come. Nobody disputes that.
It is true that the invention of Bitcoin paved the way for the development of other cryptocurrencies, including altcoins, but how many of these have had an impact like Bitcoin? 0.
As for portfolio diversification, it is a common and recommended practice for investors in cryptocurrencies and other financial markets. Adding several cryptocurrencies to your portfolio can help mitigate risk and maximize your earning potential.
It's also important to remember that the value of any cryptocurrency depends on a number of factors, including market demand, its utility, competition, and regulation. Therefore, investors should do thorough research on the cryptocurrencies they plan to add to their portfolio and carefully weigh their potential risks and benefits.
